S&P 500 IndexUpdated SPX500: DT MTR OR A SUCCESSFUL NEW ALL-TIME HIGH...?
1. BX
2. 2Legged bear channel break UTL=DB w/ April 7 Low
3. Strong Leg up to testing 'BX'
4. Will this lead to the all-time high...? Will this be sold fiercely from test of 'BX'...?
5. The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
Should this fail, then selloff could be fierce!
Definitions
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UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BO=Breakout
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
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The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline, and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.
23 DAYS AGO....
Updating........
2. 2Legged bear channel break UTL=DB w/ April 7 Low
3. Strong Leg up to testing 'BX'
4. Will this lead to the all-time high...? Will this be sold fiercely from test of 'BX'...?
5. The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
Should this fail, then selloff could be fierce!
Definitions
_______________________________________________________________________________________________________________________________________________________________________________
UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BO=Breakout
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
_________________________________________________________________________________________________________________________________________________________________________
The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline, and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.
23 DAYS AGO....
Updating........
Note
Never fight a strong leg. Find reasons to join whenever possible ^_^Note
Last wee I said.......The leg up(green) from the DB= very stong rally = High odds are that PBs could be bought immediately.
And Indeed the bulls bought the PBs immediately.
In this update, I illustrate the tight TR=Bull flag in which we're presently. And I believe that the bulls might carry this market beyond the BX pretty soon, regarding the underlying buying pressure.
Now, if that happens, a Measured Move , based on the height of the TR would carry price way above the All-time high.
TR occuring in late trends are often times final flags. And so, I believe that the market might be shortlived above the all-time high and pullback fast into the TR once more.
Note
Might PB somewhere near 2109.806667, but logically speaking, there's no reason to book profit yetNote
SPX500: Most important PA here, we broke above the ealier high of day. Otherwise, nothing for the bears, atm s3.amazonaws.com/tradingview/snapshots/1/11q3Zj2G.pngNote
A close below MA wud be interesting though.Im still holding long. Stop @ 2106.6
Good buy here, if u're not in w/ me from the lows, I guess. Stop below MA Kul.
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Moved stop to below last 2 bars low, for fear of DT s3.amazonaws.com/tradingview/snapshots/o/OnqXYJYu.png
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Looks DT. But wud prefrr mkt take me out instead s3.amazonaws.com/tradingview/snapshots/s/sTFMqHcf.pngNote
Great job! s3.amazonaws.com/tradingview/snapshots/t/TxyjshB7.pngNote
I think the bears entered, but they've work to do to cvonvince us.Buy Zone. Swing stop below lows.
Aggressive stop to be deermined
at a good signal for long if.... s3.amazonaws.com/tradingview/snapshots/5/5rky1k7c.png
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50:50 mkt now. We have evidence of short,, but we're also in a buy zone s3.amazonaws.com/tradingview/snapshots/i/iRKVVmKe.pngNote
Luks bulls stepped in on buyzoneLuks buy; luks sell. Im sitting on ma hands for now
But that quick rise up also luks that was a PB for the bears
Interesting!
I think Yellen is speaking now
I sensed it from the disturbance in price action
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Sellers gearing up.......I think s3.amazonaws.com/tradingview/snapshots/o/oJPW0Uy7.png
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Possible DB, But Trend here now = Down until the evidence of bulls prove otherwiseLooks good enough buying pressure here. s3.amazonaws.com/tradingview/snapshots/o/OgBSZnGI.png
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Charcter of mkt now = TR luks gud buy here. But stop way down below
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1H: Uptrend Intact, PB. I need a signal to go in soon s3.amazonaws.com/tradingview/snapshots/t/t6sIhr4w.pngNote
5min, posible buy soon. Might also wait for a second chance buy = tight stop then s3.amazonaws.com/tradingview/snapshots/3/3KcVaOcB.pngGood signal. Hence I update stop
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CRITICAL barrier ahead: High of day so far s3.amazonaws.com/tradingview/snapshots/0/0Mbc98AF.pngNote
When taken out.......Oh, We did....??? s3.amazonaws.com/tradingview/snapshots/g/g3YgQzQT.png
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SPX500: Hahaha, there we go! s3.amazonaws.com/tradingview/snapshots/m/M1OvrNkq.pngRISK FREE here s3.amazonaws.com/tradingview/snapshots/p/PPaizpEA.png
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Confluence of measure moves s3.amazonaws.com/tradingview/snapshots/o/OeoZZzjE.png careful here....trend cud changewe might deep pull to MA priorbears rearing ugly heads here, I feel it....I might add to long if i see my signal
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Loads of buy signals = a possible bull flag s3.amazonaws.com/tradingview/snapshots/o/OlpkcD8n.png bears are present, but lacking strenth here
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Non Trending day=TR Stopped out on trailing stop. s3.amazonaws.com/tradingview/snapshots/i/iurgYPDm.png
No loss day ;)
54 points cummulative
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2016-06-07Missed SPX Trade, but not too late. If I get signal soon, I'll update. Lest better push it to NYT
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SPX500: Technically.... Trend still up s3.amazonaws.com/tradingview/snapshots/c/Cvfk7lvb.pngNote
bears showed action, but failed to close below MABut how far can the bulls carry this...? Wedge Top above s3.amazonaws.com/tradingview/snapshots/v/vkFQh9at.pngNote
1hr, limited upside. . 5mins showing some seller action s3.amazonaws.com/tradingview/snapshots/b/BRNXyul4.pngNote
Trade Add on s3.amazonaws.com/tradingview/snapshots/z/zvoY5P1Y.pngNote
Nice TP !great show of strenght ! s3.amazonaws.com/tradingview/snapshots/y/YujSdqtM.pngNote
Wedge Top = Limited upside s3.amazonaws.com/tradingview/snapshots/m/mlC5yyAN.pngNote
Very tight uptrend. signs of overbought s3.amazonaws.com/tradingview/snapshots/t/tvRnvrFr.pngNote
More buys , but careful this time.... s3.amazonaws.com/tradingview/snapshots/r/rIijthBm.pngNote
No visible top yet . But might be soon coming s3.amazonaws.com/tradingview/snapshots/z/zpg97WYN.pngNote
Understanding price bars movments is key to managing trades, and not getting chickened out anytime soon s3.amazonaws.com/tradingview/snapshots/o/OzQOcU7p.pngBut possible wedge bottom s3.amazonaws.com/tradingview/snapshots/w/wcKGWWoS.png
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Im bearish SP, but on 5mins Holding short, 2117.18s3.amazonaws.com/tradingview/snapshots/d/d2Ifl0l0.png
Could be shortlived = managing stop nowNO TPIm out for coffee. brb
Note
s3.amazonaws.com/tradingview/snapshots/o/oq2vAdHc.png Moving stops down.
This is what we live for!
It pays to always hang in there, when it seems nothing is going on
Good night, all
Im out!
Note
SPX500: 2016-06-08 02:56AM CATs3.amazonaws.com/tradingview/snapshots/v/vnIjNqif.png
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SPX500: Projecting 2124.08 Should we successfully take out the high of today so far. Otherwise, today luks a TR day so far. We hava wedge bottom ongoing on 5minss3.amazonaws.com/tradingview/snapshots/m/mZl9IGnH.png
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Im intereestd in buying on stop. Will update soons3.amazonaws.com/tradingview/snapshots/u/uoU2nlrl.png
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Just eneded bull has tail above. Im a bit careful here s3.amazonaws.com/tradingview/snapshots/x/x5aUqZGe.pngNote
3 CTB = Move stop up. A bit of confidence here. But tails above. But todays's high is the trouble here. Low probs s3.amazonaws.com/tradingview/snapshots/6/6skhC7sa.pngNote
Ugly PA here. Still in TR Im out here. Will buy again. = No Loss s3.amazonaws.com/tradingview/snapshots/x/XwLut4O0.png
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Getting ready for in again.... ;: Not yet .Good buy, But for now.... Waiting on Today's high Takeout first. s3.amazonaws.com/tradingview/snapshots/e/e9dVNgot.png
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Im flat , atmNote
Tiny DT....????Tis amazing what a tiny DT can do!
Am I glad i exited earlier long....??? No bear trend though. I still think that Buy Mode Activated
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Possible DB ...?? s3.amazonaws.com/tradingview/snapshots/0/0NWn8Tqg.pngNote
Possible long here, but very bad signal s3.amazonaws.com/tradingview/snapshots/e/evRs1kkx.pngNote
TR but one more push up likely here s3.amazonaws.com/tradingview/snapshots/3/3KZRY5Kh.pngNote
Im checking out soon for a break. I really am TIRED!!!Hmmm. TR day. Very slow start. Do not give up. We know days like these. Speaking to myselfNote
Good buy. But loads of reasons why I;m not in yet. s3.amazonaws.com/tradingview/snapshots/z/ztxCTGyf.pngNote
Off to play w/ my wife. brbNote
When I first heard that " price bars speak to you" , I never understood then s3.amazonaws.com/tradingview/snapshots/u/UrUZkm2B.pngNote
Isnt this funny!My internet goes off, and i miss the sweet long that was. s3.amazonaws.com/tradingview/snapshots/6/6Ylo2Ox1.png
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I hate the devil who switched my internet off. Damn! s3.amazonaws.com/tradingview/snapshots/d/DdNkNT57.pngNote
U labour for the party, and u don get to partake in it when hot. You know how that feels.....? >( )<Note
Tomorrow is definitely another day.GOOD NIGHT!
:agree:
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Should this breakdown occur, I see 2100.0 next s3.amazonaws.com/tradingview/snapshots/n/nvRf9S2k.pngNote
SPY: 2016-06-10Note
I like the bulls actions here but not yet buy for me. Same goes for USDJPY s3.amazonaws.com/tradingview/snapshots/g/gtU829lr.pngNote
A possible buy zone ....s3.amazonaws.com/tradingview/snapshots/b/bXzvLTdF.pngNote
Low probability long, that oneDB wud be great
Staying aside for now
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It might not come . I'll buy above 20 s3.amazonaws.com/tradingview/snapshots/n/Nxa7V8Wh.png
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DB https://expected......https://s3.amazonaws.com/tradingview/snapshots/3/31m1S6fN.pngNote
Sweet short. I missedWedge Bottom????
Expecting bounce here, but that wud be lot of hard work from the bulls
MM target overspill
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SPY: SMA(Sell Mode still Activated) until enough buying pressures3.amazonaws.com/tradingview/snapshots/w/WWCWNl2N.png
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Good buying pressure here, But not eneough. Im still waiting to add my long s3.amazonaws.com/tradingview/snapshots/j/JrORvmtG.pngNote
touching upper channelMove stops s3.amazonaws.com/tradingview/snapshots/d/DSauJcc0.pngNote
Risk free s3.amazonaws.com/tradingview/snapshots/n/NoLxPnhW.pngNote
Book somethingNote
Book allNote
Kepp stop to entryNote
hold it to next weekNote
How do u manage a trade?Note
I'M FLAT!!Note
Visit "NAKED TRADING ROOM" , where I call live SPY trades, during NY open.Chatroom link: tradingview.com/chat/
Note
Enjoy your weekend!Note
SPY: 2016-06-14Turn to NAKED TRADING ROOM todai, and lets have fun!
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